Disney, RIL Sign Deal: Viacom18 Merges with Star India
In a landmark agreement, Disney and Reliance Industries Limited (RIL) have announced the signing of binding definitive agreements to form a joint venture (JV) that will combine the businesses of Viacom18 and Star India . The deal, which has been in the works for months, will create a media behemoth across TV broadcasting, streaming, movies […]
RBI Okays Amazon Pay as Payment Aggregator
Amazon Pay, the digital payments arm of ecommerce giant Amazon India, has received a payment aggregator (PA) licence from the Reserve Bank of India (RBI), strengthening its merchant payments business. It can now offer online merchant payment services and has 6.6 crore wallets with operational revenue of Rs 2,093 crore in FY23. What is a […]
Walko Food Secures $20M Funding from Jungle Ventures
Pune-based Walko Food, known for its creamy NIC and Cream Pot brands, has whipped up a refreshing $20 million growth funding from Singapore’s Jungle Ventures. This marks Jungle’s second investment in Walko within a year, solidifying their belief in the company’s potential to become a major player in the rapidly churning Indian ice cream industry. […]
HDFC Life Provides Health Cover for Overseas Indian Students
HDFC Life International, a subsidiary of HDFC Life, one of India’s leading life insurance companies, has launched a comprehensive US Dollar Student Health Insurance Plan, under the plan name ‘Global Student Health Care’. The plan is designed for students who are presently pursuing higher education abroad or aspire to pursue higher international education in the […]
Rolls-Royce Extends Contract with TVS Supply Chain Solutions
Rolls-Royce, a global leader in technology and innovation, has announced that it has extended its contract with TVS Supply Chain Solutions (TVS SCS), a global supply chain solutions provider, for five years until 2029. The contract extension pertains to the advanced Parts Distribution Centre (PDC) located in Singapore, which serves the Asia Pacific markets for […]
EV Startup Vidyut Raised $10M by 3one4 Capital
Vidyut, an electric vehicle (EV) financing startup, has raised $10 million in its Series A round of funding, led by 3one4 Capital. The company plans to use the funds to expand its presence to 40 cities and offer a full-stack ecosystem for EV owners, including insurance, resale, servicing and maintenance. Vidyut was founded in 2021 […]
Bajaj Allianz Inaugurates New Office in Ayodhya, UP
Bajaj Allianz, one of the leading private insurance companies in India, has opened a new office in Ayodhya, Uttar Pradesh, to provide comprehensive insurance solutions to the customers in the city and nearby areas. The new office was inaugurated on 20th February 2024 by Mr. Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance, […]
India’s FIU Registers PayPal Under Anti-Money Laundering Law
PayPal, the American online payments gateway service provider, has finally registered its operations with the Financial Intelligence Unit of India (FIU-IND), in compliance with the Prevention of Money Laundering Act (PMLA) and the Reserve Bank of India’s (RBI) recent regulatory framework governing cross-border payment aggregators (PA-CB) . This comes after a protracted legal battle between […]
Tech Mahindra 100% Acquisition of Orchid Cybertech for $3.27M
Tech Mahindra, one of the leading IT services companies in India, has announced that it has acquired 100% stake in Orchid Cybertech Services Inc (OCSI), a Philippines-based customer experience firm, for USD 3.27 million (over Rs 27 crore) in an all-cash deal. The acquisition will strengthen Tech Mahindra’s relationship with TPG Telecom, a major Australian […]
Mitsubishi Acquires 30% of TVS Mobility’s New Entity
Mitsubishi Corporation, the Japanese conglomerate, has entered into a strategic partnership with TVS Mobility, one of India’s leading automobile dealerships, to acquire 30% stake in its new entity, TVS Vehicle Mobility Solution Ltd (TVS VMS). The deal was announced on February 19, 2024, and is expected to close by March 31, 2024. TVS VMS is […]